The fiscal problem in Missouri

Bibliographic data

Monograph

Identifikator:: 1833271335

URN:: urn:nbn:de:zbw-retromon-230042

Document type:: Monograph

Title:: The fiscal problem in Missouri

Place of publication:: New York

Publisher:: National Industrial Conference Board, Inc.

Year of publication:: 1930

Scope:: xvi, 359 S.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VI. Tax administration ( Continued)

Collection:: Economics Books

184 THE FISCAL PROBLEM IN MISSOURI Virginia the tax is locally assessed, but central supervision is exercised to some extent by the State Tax Commission. The Missouri income tax law provides for information at the source. Individuals or corporations making payments of fixed or determinable income of $1,000 or more to a single person or $2,000 or more to a married person in any tax year, to taxpayers who are taxable according to the income tax statutes, are required to make a return to the State Auditor showing the names and addresses of such taxpayers and the amount of the payments in each case.! Dividend payments must be reported if $100 or more. Such returns must be made on or before March 1 for the preceding calendar year. The income tax law carefully guards against the dis- closure of information contained in the returns filed and forbids the use of such returns in any manner whatever in connection with assessments for the general property tax.? The assessors or other officials who are charged with the custody of the returns are required to turn them over to the collector after three years have elapsed from the time the taxes became due, and the collector is required to destroy them, except in cases in which the tax has not been paid. Discussion of other administrative features of the income tax, such as allocation, the procedure followed by the State Auditor in questioning assessments, and the system of appeal to the courts, is omitted, as it would involve undue expan- sion of this section. The inheritance tax is administered by the probate courts, and the probate judge receives a fee of 2149, of the tax. Collections are made by the State Treasurer. The corporation franchise tax is administered by the State Tax Commission. Corporations liable to the tax are required to make an annual written report on such forms as 'R. S. 1919, Section 13108, as amended by Session Laws, 1927, p. 478, and Session Laws, 1929, pp. 429 f. , ?R. 8. 1919, Section 13135, as amended by Session Laws, 1925, p. 370. 8 R. S. 1919, Section 13136, as amended by Session Laws. 1925, p. 370, and Session Laws, 1929, p. 423. 4 Complete information concerning the many and varied aspects of administra- tion is available in State of Missouri, Income Tax Law and Regulations, cor- rected to August 27, 1929, compiled by L. D. Thompson, State Auditor.

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